Iran’s legislative body has endorsed a proposal to shut down the Strait of Hormuz, a critical global oil shipping lane, in reaction to recent American actions and what it calls global indifference.
A prominent member of Iran’s Majlis (parliament) disclosed on Sunday that lawmakers have collectively agreed on blocking the strait as a countermeasure to U.S. military strikes and the international community’s perceived inaction.
“The lawmakers reached a united stance on this issue,” the parliamentarian stated, while noting that the ultimate decision lies with the country’s Supreme National Security Council.
The Strait of Hormuz, a narrow waterway at the entrance to the Persian Gulf, plays a pivotal role in global energy logistics.
Approximately 20% of the world’s oil supply, around 17 to 18 million barrels daily, is transported through this passage.
If Iran proceeds with the closure, it could halt an estimated $1 billion worth of oil shipments each day, with potential ripple effects across global energy markets.
Oil prices are expected to spike if the blockade is enforced.